Open Phones on Automatic Spending Cuts

Telephone lines were open for viewer comments on automatic spending cuts scheduled to go into effect the same day. As part of a deal for…
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Telephone lines were open for viewer comments on automatic spending cuts scheduled to go into effect the same day.

As part of a deal for raising the federal debt ceiling, the Budget Control Act of 2011 created sequestration on January 1, 2013, automatic spending cuts that are split 50/50 between defense and non-defense spending unless Congress would pass an alternate deficit reduction plan.*The cuts had been delayed until March 1, 2013, as part of a “fiscal cliff” agreement on the debt ceiling and tax increases. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.